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AREVA: CABINET APPROVES NEW NIGER URANIUM DEAL

Niamey, Oct 11

Areva’s new 10-year uranium production deal for its Somair and Cominak uranium mines in Niger has gained cabinet approval, completing two years of often fraught negotiations.The new agreement lifts the government’s take to over $US39M pa with fewer tax breaks and higher royalties, while the government will spend $148M on improved road access, local development and a new headquarters in Niamey. Reuters